Part 1: Staking Tutorial
Official Website of CFX Staking & Governance: https://confluxhub.io/governance/dashboard
1.PoW Staking
Head to the Conflux Governance Dashboard and connect your wallet (top right corner).
Click on “PoW Stake” to enter the Staking page. Users can stake, unstake, and lock their assets on the Staking page. After the Conflux wallet is connected, users can stake CFX, unstake CFX to withdraw CFX, or lock up CFX to obtain voting rights.
(1) On the left side, users can stake or unstake CFX. The “Wallet Balance” shows the amount available to stake.
Users can regard staking / unstaking as a flexible deposit. Users can stake / unstake at any time.
(2) Users can click on “MAX” to stake all CFX in the connected wallet or input a number to stake a specific number of CFX. To proceed with staking, users need to click “Stake.”
Users should keep at least 1 CFX in the wallet to cover the transaction’s gas fee.
(3) After clicking on “Stake”, users need to confirm the transaction on the wallet by clicking on “Confirm” before the transaction hash is generated.
Users’ available amounts for staking and unstaking have been updated, along with their CFX balance and staked CFX.
2. Unstake
(1) Users can withdraw their staked CFX by unstaking. The maximum cannot exceed the amount available to unstake.
(2) After clicking on “Unstake”, users need to confirm the transaction on the wallet by clicking on “Confirm” before the transaction hash is generated.
Users’ available amounts for staking and unstaking have been updated, along with their CFX balance and staked CFX.
3.Lock
Users can lock up a certain amount of tokens for a fixed period to obtain voting rights. The lock amount should be equal to or less than the amount available to lock. Voting rights can be viewed under “Current voting rights.”
Locking can be regarded as a fixed deposit. While tokens are locked to gain a voting right, users cannot withdraw the tokens or decrease the locking duration.
Please vote as soon as possible after the lock to avoid the decline of voting rights.
(1) Click on “Add locking amount”, enter the amount you want to lock, and then click “Lock”.
(2) Then click on “Confirm”, and the transaction request interface will pop up.
(3) Users need to confirm the transaction on the wallet by clicking on “Confirm” to generate the transaction hash.
The amount available to unstake/lock is updated. The number of locked CFX is also updated.
(4) To increase voting rights, first click on “Extend locking period” and choose a locking duration.
The longest locking duration for voting is 1 year.
Notice: when users choose to lock up CFX for half a year, the locking duration CAN be extended to a year; when users choose to lock up CFX for a year, the locking duration CANNOT be reduced to half a year.
(5) After selecting the locking duration, users need to click on “Lock” and then “Confirm”.
(6) Users need to confirm the transaction on wallet by clicking on “Confirm” to generate the transaction hash.
The number of the current voting rights of the connected account is updated.
(7) Users can click the question marks for detailed information.
① Available to unstake: CFX is only withdrawable for which have not been staked in the governance nor the POS.
② Current voting rights: The voting rights will be awarded according to: number of quarters × number of tokens × 0.25.
We measure ‘time’ in blocks based on the assumed number of 63,072,000 per year. While tokens are locked to obtain votes, users retain the right to staking interest. The longest locking duration for voting is 1 year. While tokens are locked to gain a voting right, users cannot withdraw the tokens or decrease the locking duration.
4.PoS Stake
Currently, Confluhhub Governance supports voting rights for users who have staked CFX in the following PoS pools: PHX v1, Consensus Pool, ABC Pool, and HydraSF.
To participate, stake the CFX through the official websites of the above pools. After staking, visit the Confluxhub Governance dashboard.
Click on “Connect Wallet” in the top-right corner and log in using the wallet that holds the staked CFX, the system will display all PoS pools where the wallet has active stakes, along with the corresponding staking amounts.
The process for locking CFX to vote is similar to that used in PoW staking, and will not be repeated here.
Note: Locking tokens does not affect the staking rewards earned in the PoS pool. However, once a locking duration is selected, the staked CFX cannot be withdrawn from the PoS pool until the locking duration ends. Users are advised to choose the locking duration based on their personal preferences and commitment level.
For more detailed instructions, please refer to: https://forum.conflux.fun/t/confluxhub-governance/19571
Part 2: Governance Tutorial
After staking and locking CFX, users are granted voting power and can participate in governance voting.
(1) Click on “Vote”, then click “Proposal” to enter the governance page.
(2) Users can view the vote proposer’s details by clicking on the address of the proposer, or click “Proposal discussion” to join the vote’s discussion on Conflux Forum.
(3) Users need to select an option and click “Vote”.
(4) For PoW-based locking votes, select “Vote”, enter the number of votes, and click “Vote” to submit.
For PoS-based locking votes, select “Proxy Vote”, then click “Choose a PoS Validator”. Select the third-party PoS pool (e.g., PHX, ABC, etc.) where the CFX is staked, enter the number of votes, and click “Vote” to complete the process.
(5) Confirm the vote by clicking on “Confirm” in the wallet to generate the transaction hash.
(6) Please note: voting rights remain the same after voting, and the voting option can be changed before the active voting is closed.
To update the vote allocation, simply enter the new number of votes in the input box for the desire option. The total votes across all options must not exceed the user’s available voting rights.
Example: A user with 5 total votes allocates 3 votes to “yes”. To increase it to 4 votes, just enter “4” in the “Yes” box. This leaves 1 remaining vote, which can be allocated to “No”. To assign more votes to “no”, the user must first reduce the votes assigned to “Yes”, ensuring the total never exceeds 5 votes.
